Examlex
A solutions architect at an ecommerce company wants to back up application log data to Amazon S3. The solutions architect is unsure how frequently the logs will be accessed or which logs will be accessed the most. The company wants to keep costs as low as possible by using the appropriate S3 storage class. Which S3 storage class should be implemented to meet these requirements?
Inefficient Allocation
When resources are not optimally distributed, leading to a situation where it is possible to improve at least one person's well-being without worsening any other's situation.
External Effects
Consequences of economic activities on unrelated third parties; can be positive (benefits) or negative (costs).
Knowledge Creation
The process through which new ideas, information, and understanding are generated, often leading to innovation and improvements in technology or methodology.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used by many people simultaneously without reducing the amount available to others.
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